by John Galt February 5, 2012 11:15 ET Gretchen Morgenson has produced a story in this morning’s edition of the New York Times which is a must read as a primer regarding the severity of fraud within the mortgage and real estate industry: A Mortgage Tornado Warning, Unheeded (Click on the title to read the story in full) The one portion, excerpted from the story above, which should tantalize my readers and cause great pause is as follows: Now he splits his time between Orlando…
By John Galt September 8, 2011 – 01:35 ET Since I could not sleep I thought I would open up the statewide newspapers and sure enough a story in the Palm Beach Post really hits at the crux of the robosigning and foreclosure scandals plaguing Florida: Ruling in Wellington case could further complicate Florida foreclosures In this story by Kimberly Miller yesterday, two sentences really sum up the mess our state is enduring: Between July 1, 2010, and June 30 of this year, 104,126 foreclosure…
By John Galt June 19, 2011 The foreclosure crisis is officially at half time, sitting in the locker room, and waiting on the coach to come out with a second half strategy. The media, especially some members of the analyst and financial bubblevision press on television, have been desperately attempting to paint a picture of an improving economy resulting in fewer foreclosures and the hope of mortgage modifications helping to stem the tsunami. The statistics are further from the truth than ever. First and…
By John Galt June 4, 2011 Without a doubt this story and video from WINK-TV in Fort Myers about a Naples, FL area couple who had their home illegally foreclosed on and turning the tables on Bank of America has to rank up there as one of my favorite stories of the year thus far. If more homeowners with judgments executed their legal rights and engaged in this course of action, perhaps, just perhaps, we might finally see some justice against the banksters and their…
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